29
Nov
Kotak Private Banking today launched the Kotak Private Luxury Index (KPLI), India’s first comprehensive measure of luxury price movements across 12 lifestyle and asset categories. Commissioned with support from Ernst & Young LLP, the index highlights how India’s ultra-high-net-worth individuals (UHNI) are redefining luxury—shifting from ownership to experiences, and material indulgence to mindful living. According to KPLI, luxury prices have risen 6.7% annually since 2022, with wellness retreats, exclusive experiences, and branded residences driving growth. Wellness tourism, including destinations like Amanbagh and Ananda, saw a 14.3% annual increase, while curated experiences, from Antarctic cruises to Michelin-starred dining, rose 11.6% per…
